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Economic Impact of Restricting Feed Additives in Livestock and Poultry Production
Author(s) -
Mann Thomas,
Paulsen Arnold
Publication year - 1976
Publication title -
american journal of agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.949
H-Index - 111
eISSN - 1467-8276
pISSN - 0002-9092
DOI - 10.2307/1238576
Subject(s) - production (economics) , livestock , economics , econometric model , agricultural economics , economic impact analysis , microeconomics , econometrics , ecology , biology
Effects of feed additive restrictions on meat production have been measured in previous studies. An econometric simulation model is used in this study to evaluate the impact of policy alternatives on costs, prices, and net profits in beef, pork, broiler, and turkey production over a ten‐year period. Under the model, all the restrictive policy alternatives produced wholesale price increases. Simulation estimates of price and production cost increases, however, were lower than previous findings. Health risk reductions may be obtainable at a smaller loss in economic efficiency than previously suggested.